31 > A Moving to another question will save this response. Question 31 Which of the following statements regarding sales returns and allowance is not true? New w revenue recognition rules requiresellers to report sales net of expected returns and allowances for annual periods. The Inventory Returns Estimated account is a current liability account Sales returns and allows estimates are typically made as period-end adjustments. When sales returns and allowances adjustments are made to sales, an estimate must also be made for the cost side Moving to another on will save this response. MacBook Air 00 0 ges FI FV ODD 14 @ 2 # 3 $ 4 % 5 A 6 & 7 * 8 9 0 W E R T T Y U 0 S D F G H J . L z X C V B N M